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Canada was the largest foreign investor in Africa's mining industry and its businesses were well positioned to take a leading role in the continent's economic development, a senior official said Tuesday. Peter Van Loan, the Canadian Minister of International Trade, was addressing a symposium on "Africa Rising: Entrepreneurship and Innovation Frontiers" ...
The Hong Kong Monetary Authority announced on Monday that the foreign assets of the Exchange Fund increased HK$53.1 billion during February. Foreign assets, representing the external assets of the Exchange Fund, amounted to HK$2,092.5 billion at the end of February this year. The Monetary Base, comprising Certificates of Indebtedness, government issued ...
The Chinese currency, or the yuan, on Wednesday weakened 39 basis points against the U.S. dollar from Tuesday. The central parity rate was set at 6.5718 yuan per U.S. dollar, compared with 6.5679 yuan per U.S. dollar on Tuesday, according to the China Foreign Exchange Trading system. The central parity rate of the yuan hit a record high of 6.5651 agains...
Trading of shares in China's largest meat processor was suspended Wednesday after an illegal additive was allegedly found in meat products in an affiliate of the company. Shares of Shenzhen-listed Henan Shuanghui Investment & Development Co., Ltd. were suspended from being traded at 9:30 a.m.after China Central Television reported one of its affiliat...
The embassy of Japan in Bolivia said Tuesday cooperation and trade between the two countries will not suffer any negative effects from the devastating 9-magnitude earthquake and tsunami in the Asian country. The comments come after several days of speculation in the local press where government officials have expressed concern that Bolivian experts to Jap...
Australia's surfwear maker Billabong International Ltd said on Wednesday that its full year net profit could fall by as much as six percent as the earthquake and tsunami in Japan hits the company operations. Billabong said net profit for 2010/11 was likely to be two percent to six percent lower than previous year, revising an earlier forecast made in Feb...
Industrial production in the euro zone increased by 0.3 percent in January, compared with the previous month, Eurostat, statistical bureau of the European Union (EU), said Monday. Revised figures showed industrial production in the euro zone grew by 0.3 percent in December last year on a monthly basis. In January, production of both intermediate goods a...
Sales of new apartment units dropped in Beijing in the first two months this year, showing the first signs that the city's red-hot property market is cooling under the government's latest tightening policies, official statistics released Tuesday show. New residential apartment units sold in Beijing over the January-February period totaled 1.32 million s...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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